Assay results are now available and have indicated several occurrences of high-grade copper, lead, zinc, and silver as well as the New Economy Metals lithium, tin, and tungsten in both tenements. These high-grade mineral occurrences are hosted in the Running River Metamorphics and Ewan Formations, the same lithologies that host the
These high-grade polymetallic occurrences are identified in both tenements (EPM 27163 and EPM 27124), strongly supporting the prospectivity of the
The identification ore grade base metals and silver in several locations including the New Economy Metals lithium, tin and tungsten in anomalous concentrations opens up a new and exciting opportunity for
Geological variability is suggestive of distinctive magma differentiation pathways or different emplacement events. Geological and geochemical differences provide good settings and geological conditions for fluid fluxes of variable chemistries and redox conditions to mix, leading to precipitation of mineral deposits. The numerous high grades of copper, lead, zinc, silver, tin, lithium, molybdenum, bismuth, iron, and antimony occurrences mapped in weathered lithologies within the
Importance of Results and Next Steps The reconnaissance trip to the
The identification of economic levels of Cu, Pb, Zn and Ag mineralisation including highly anomalous levels of Li, Sn, Bi, Sb, Mo, and Cd in the north-eastern and central parts of the project area in outcropping rocks far from historic workings demonstrates the general prospectivity of the project area. Apart from these two areas that have been fieldchecked and sampled, all of which returned very positive results; more than 75% of the MaCauley Creek tenements have neither been field-checked nor sampled. Opportunities therefore exist for further discoveries across these tenements.
Evaluation of the results against regional magnetics has led to the identification of a magnetic trend over 1,000m long by 500m wide, which was only partly sampled during the reconnaissance trip. Of the nine samples collected from the north-eastern part of this trend, seven samples returned ore grade copper ranging from 1.3% to 2.2%Cu. The other two samples returned highly anomalous copper: one sample with 7620ppm Cu and another with 7990ppm Cu. All the nine samples collected from the vicinity of the identified magnetic high host enormous Ag, ranging from 16.1g/t to 362g/t. This area does not fall near historic workings and therefore provides a new opportunity for a fresh discovery
Follow-up Exploration The reconnaissance field trip to MaCauley Creek was highly successful in identifying several highly prospective areas, many of which have never been sampled or drilled. These prospective areas are geologically located on the same lithological units hosting nearby
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The information in this ASX announcement that relates to exploration activities for the
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